Samrat Pharmachem Share price

Samrat Phannachem Limited was incorporated as Private LimitedCompany on 16th June 1992 under the Companies Act 1956 in theState of Gujarat and subsequently converted into a publiclimited company on 24th July 1992. Samrat Pharmachem Limited isgoing for an expansion of its facilities for manufacture of BulkDrugs at Ankleshwar Gujarat it has taken over the unitcomprising of land & building machinery and other assets andliabilities costing Rs.30.64 lacs from M/s. Lub-chem Bombay apartnerahip firm promoted by the same management at book valueon 1st April 1993.THE MAIN OBJECTS OF THE COMPANYThe main objects of the company as set out in the Memorandum &Articles of Association are as follows:To carry on the business as manufacturers manufacturer''srepresentatives dealers traders factors agents suppliersstockists packers distributors exporters and importers ofall kinds types nature and description of medicine drugsdrug intermediates pharmaceuticals mixtures powders tabletscapsules injunctions compounds formulations nutrientshealth products creams lotions syrups tonics biological andbiochemical products pills mother tinctures triturationsglucose nourishment foods ointment surgical dressings waterfor injections and medical preparations required for or used inallopathic ayurvedic unani homeopathic and nature curetreatments for prevention or prophylactic cure for human beingsanimals insects and birds.SUBSIDIARIESThe company does not have any subsidiary at present.PRESENT BUSINESS OF THE COMPANYThe Company is currently engaged in the manufacture and exportof pharmaceutical bulk drugs namely Potassium Iodide IPPotassium Iodate IP Iodine IP and Ferrous Fumerate IP. TheCompany has achieved a turnover of Rs.153.51 lacs and cashprofit of Rs. 8.79 lacs during the five month period ended 31stAugust 1994.The Company exports its goods to Singapore Japan U.S.A. andother countries. For the year ended March 1994 the Company hasachieved direct and indirect exports worth Rs. 35.59 lacs. Forperiod from April 1994 to August 1994 it has achieved directexports worth Rs. 12.24 lacs & it has exported goods worth Rs.25.15 lacs through Export House & Merchant Exporters.